IFC launches June 2029 Kangaroo increase

International Finance Corporation (IFC) (AAA/Aaa) launched a minimum A$50 million (US$35.9 million) tap of its June 2029 Kangaroo bond on 15 April. The forthcoming transaction has indicative price guidance of 42 basis points area over semi-quarterly swap, equivalent to 55.5 basis points area of Australian Commonwealth government bond and is expected to price on the day of launch. Nomura has been mandated as lead manager.